Halozyme and Catalyst Report Double-Digit Revenue Growth, Strong Outlook
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 24 2026
0mins
Should l Buy HALO?
Source: NASDAQ.COM
- Halozyme Financial Performance: Halozyme's Q3 revenue increased by 22% year-over-year to $354 million, with earnings per share (EPS) soaring 36% to $1.43, demonstrating its strong market position in drug delivery systems.
- Catalyst Growth Potential: Catalyst achieved a remarkable 249% revenue growth leading up to 2024, with Q3 revenue rising 24% year-over-year to $436.3 million and EPS climbing 45.9% to $1.27, reflecting strong demand in rare disease treatments.
- Competitive Advantage: Both companies maintain low debt levels, with Halozyme reducing its long-term debt from $1.5 billion to $800 million, while Catalyst has no debt, providing them with greater flexibility for acquisitions and R&D investments.
- Optimistic Industry Outlook: The biotech sector rebounded in 2025, with the SPDR S&P Biotech ETF rising 27%, indicating a resurgence in market demand for innovative drugs, while both Halozyme and Catalyst are valued below the sector average, suggesting significant future growth potential.
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Analyst Views on HALO
Wall Street analysts forecast HALO stock price to fall
5 Analyst Rating
3 Buy
1 Hold
1 Sell
Moderate Buy
Current: 80.480
Low
56.00
Averages
78.50
High
90.00
Current: 80.480
Low
56.00
Averages
78.50
High
90.00
About HALO
Halozyme Therapeutics, Inc. is a biopharmaceutical company advancing solutions to improve patient experiences and outcomes for emerging and established therapies. The Company's commercially-validated solution, ENHANZE drug delivery technology with the proprietary enzyme rHuPH20, is used to facilitate the subcutaneous delivery of injected drugs and fluids, with a focus on improving the patient experience with rapid subcutaneous delivery and reduced treatment burden. The Company licenses its technology to biopharmaceutical companies to collaboratively develop products that combine ENHANZE with its partners’ proprietary compounds. It also develops, manufactures and commercializes, for itself or with partners, drug-device combination products using its advanced auto-injector technologies. The Company has two commercial proprietary products, Hylenex and XYOSTED. It also has a proprietary ultra-high concentration microparticle formulation technology for biologics, branded Hypercon.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Halozyme Therapeutics Q4 2025 Earnings Call Highlights
- Significant Revenue Growth: Halozyme reported total revenue of $1.4 billion for 2025, reflecting a 38% year-over-year increase, with Q4 revenue at $451.8 million, showcasing sustained momentum from ENHANZE technology that is expected to drive future revenue growth.
- Patent Technology Expansion: The acquisition of Elektrofi and Surf Bio has expanded Halozyme's subcutaneous drug delivery technologies from two to four, solidifying its market position in the biopharma industry as a 'one-stop shop' for drug delivery solutions.
- Strong Royalty Revenue: The company generated $867.8 million in royalty revenue for 2025, primarily driven by successful products like Johnson & Johnson's DARZALEX and Roche's PHESGO, which are expected to continue providing stable cash flow for the company.
- Optimistic Future Outlook: Management projects total revenue for 2026 to be between $1.71 billion and $1.81 billion, with royalty revenues expected to range from $1.13 billion to $1.17 billion, reflecting confidence in future growth driven by new technologies and partnerships.
See More
Halozyme Reports Q4 2026 Earnings Miss, Stock Drops
- Disappointing Earnings: Halozyme reported a non-GAAP EPS of -$0.24 for Q4 2026, a significant drop from $1.26 in the same period last year, indicating a notable decline in profitability that could undermine investor confidence.
- 2026 EPS Guidance: The company reiterated its 2026 non-GAAP EPS guidance range of $7.75-$8.25, with a midpoint of $8.00, which is below the consensus estimate of $8.15, suggesting potential pressure on future earnings expectations.
- Revenue Outlook: Halozyme anticipates 2026 revenue between $1.71B and $1.81B, with a midpoint of $1.76B, slightly below the consensus of $1.77B, reflecting a cautious market sentiment regarding its growth potential.
- Deteriorating Cash Position: As of the end of 2025, Halozyme's cash, cash equivalents, and marketable securities totaled $145.4M, a sharp decline from $596.1M at the end of 2024, indicating challenges in cash management that may impact future investment capabilities.
See More
Halozyme Reports Strong Q4 and 2025 Revenue Growth
- Earnings Performance: Halozyme reported a Q4 non-GAAP EPS of -$0.24, missing estimates by $2.44, yet achieved revenue of $451 million, a 51.3% year-over-year increase, exceeding expectations by $4.86 million, indicating strong revenue growth.
- Annual Results: For the full year 2025, total revenue reached a record $1.397 billion, up 38% year-over-year, while royalty revenue increased by 52% to $868 million, reflecting the company's competitive strength and sustained product demand in the market.
- Acquisition Strategy: The completion of acquisitions of Elektrofi's Hypercon™ technology and Surf Bio's hyperconcentration technology will provide significant support for future growth, enhancing the company's product portfolio and market position.
- Financial Guidance: The company reiterated its 2026 financial guidance, projecting total revenue between $1.710 billion and $1.810 billion, with year-over-year growth of 22% to 30%, and adjusted EBITDA expected between $1.125 billion and $1.205 billion, demonstrating confidence in future growth prospects.
See More
Halozyme Therapeutics Q4 Earnings Preview
- Earnings Announcement Date: Halozyme Therapeutics (HALO) is set to release its Q4 earnings on February 17th after market close, with a consensus EPS estimate of $2.20, reflecting a robust 74.6% year-over-year growth, indicating strong profitability and market confidence.
- Revenue Growth Expectations: The anticipated revenue for Q4 is $446.13 million, representing a 49.7% year-over-year increase, which underscores Halozyme's sustained growth in the biopharmaceutical sector and strong market demand.
- Performance Beat Record: Over the past two years, HALO has beaten EPS estimates 88% of the time and revenue estimates 75% of the time, demonstrating the company's financial stability and effective management execution.
- Upward Revision Trend: In the last three months, EPS estimates have seen five upward revisions and revenue estimates six, reflecting analysts' optimistic outlook on Halozyme's future performance, which further boosts investor confidence.
See More
Halozyme Acquires Three Biotech Startups for $1.3 Billion
- Accelerated Acquisition Activity: Halozyme has recently spent up to $1.3 billion acquiring three biotech startups, indicating its intent to expand in the biopharma sector, which is expected to enhance its market competitiveness.
- Drug Delivery Innovation: The acquisition of hyper-concentration technology allows Halozyme to deliver drugs in smaller volumes, significantly improving patient experience and reducing stress on the healthcare system by enabling quicker administration.
- Optimistic Market Outlook: The CEO of Halozyme noted that M&A activity in the biotech sector is forecasted to accelerate in 2026, reflecting increased confidence in innovative drugs and driving the company's proactive strategies in drug development and marketing.
- Revenue Growth Potential: Halozyme's current technologies have received 10 approvals and are projected to generate $1 billion in royalty revenues by 2026, showcasing its strong profitability and market demand in the drug delivery space.
See More
Tech Stocks Struggle While Consumer Staples Shine
- Tech Sector Weakness: On Tuesday, tech stocks like AMD and Lumentum struggled, leading to a bearish market sentiment that reflects investor concerns over high valuations, potentially impacting future investment decisions.
- Consumer Staples Resilience: In stark contrast to tech stocks, the consumer staples sector showed strong performance, indicating a market preference for stable earnings, which may attract more capital into this area to mitigate risk.
- Regional Banks' Steady Growth: Regional banks demonstrated resilience amid market volatility, drawing investor attention and suggesting that traditional financial institutions remain attractive in uncertain economic conditions, potentially driving their stock prices higher.
- Precious Metals and Industrials Recovery: The strong performance of precious metals and industrials indicates an increased demand for safe-haven assets, reflecting investor concerns about potential economic slowdowns, which could influence investment strategies in related sectors.
See More
Halozyme Therapeutics Q4 2025 Earnings Call Highlights
- Significant Revenue Growth: Halozyme reported total revenue of $1.4 billion for 2025, reflecting a 38% year-over-year increase, with Q4 revenue at $451.8 million, showcasing sustained momentum from ENHANZE technology that is expected to drive future revenue growth.
- Patent Technology Expansion: The acquisition of Elektrofi and Surf Bio has expanded Halozyme's subcutaneous drug delivery technologies from two to four, solidifying its market position in the biopharma industry as a 'one-stop shop' for drug delivery solutions.
- Strong Royalty Revenue: The company generated $867.8 million in royalty revenue for 2025, primarily driven by successful products like Johnson & Johnson's DARZALEX and Roche's PHESGO, which are expected to continue providing stable cash flow for the company.
- Optimistic Future Outlook: Management projects total revenue for 2026 to be between $1.71 billion and $1.81 billion, with royalty revenues expected to range from $1.13 billion to $1.17 billion, reflecting confidence in future growth driven by new technologies and partnerships.
See More
Halozyme Reports Q4 2026 Earnings Miss, Stock Drops
- Disappointing Earnings: Halozyme reported a non-GAAP EPS of -$0.24 for Q4 2026, a significant drop from $1.26 in the same period last year, indicating a notable decline in profitability that could undermine investor confidence.
- 2026 EPS Guidance: The company reiterated its 2026 non-GAAP EPS guidance range of $7.75-$8.25, with a midpoint of $8.00, which is below the consensus estimate of $8.15, suggesting potential pressure on future earnings expectations.
- Revenue Outlook: Halozyme anticipates 2026 revenue between $1.71B and $1.81B, with a midpoint of $1.76B, slightly below the consensus of $1.77B, reflecting a cautious market sentiment regarding its growth potential.
- Deteriorating Cash Position: As of the end of 2025, Halozyme's cash, cash equivalents, and marketable securities totaled $145.4M, a sharp decline from $596.1M at the end of 2024, indicating challenges in cash management that may impact future investment capabilities.
See More
Halozyme Reports Strong Q4 and 2025 Revenue Growth
- Earnings Performance: Halozyme reported a Q4 non-GAAP EPS of -$0.24, missing estimates by $2.44, yet achieved revenue of $451 million, a 51.3% year-over-year increase, exceeding expectations by $4.86 million, indicating strong revenue growth.
- Annual Results: For the full year 2025, total revenue reached a record $1.397 billion, up 38% year-over-year, while royalty revenue increased by 52% to $868 million, reflecting the company's competitive strength and sustained product demand in the market.
- Acquisition Strategy: The completion of acquisitions of Elektrofi's Hypercon™ technology and Surf Bio's hyperconcentration technology will provide significant support for future growth, enhancing the company's product portfolio and market position.
- Financial Guidance: The company reiterated its 2026 financial guidance, projecting total revenue between $1.710 billion and $1.810 billion, with year-over-year growth of 22% to 30%, and adjusted EBITDA expected between $1.125 billion and $1.205 billion, demonstrating confidence in future growth prospects.
See More
Halozyme Therapeutics Q4 Earnings Preview
- Earnings Announcement Date: Halozyme Therapeutics (HALO) is set to release its Q4 earnings on February 17th after market close, with a consensus EPS estimate of $2.20, reflecting a robust 74.6% year-over-year growth, indicating strong profitability and market confidence.
- Revenue Growth Expectations: The anticipated revenue for Q4 is $446.13 million, representing a 49.7% year-over-year increase, which underscores Halozyme's sustained growth in the biopharmaceutical sector and strong market demand.
- Performance Beat Record: Over the past two years, HALO has beaten EPS estimates 88% of the time and revenue estimates 75% of the time, demonstrating the company's financial stability and effective management execution.
- Upward Revision Trend: In the last three months, EPS estimates have seen five upward revisions and revenue estimates six, reflecting analysts' optimistic outlook on Halozyme's future performance, which further boosts investor confidence.
See More
Halozyme Acquires Three Biotech Startups for $1.3 Billion
- Accelerated Acquisition Activity: Halozyme has recently spent up to $1.3 billion acquiring three biotech startups, indicating its intent to expand in the biopharma sector, which is expected to enhance its market competitiveness.
- Drug Delivery Innovation: The acquisition of hyper-concentration technology allows Halozyme to deliver drugs in smaller volumes, significantly improving patient experience and reducing stress on the healthcare system by enabling quicker administration.
- Optimistic Market Outlook: The CEO of Halozyme noted that M&A activity in the biotech sector is forecasted to accelerate in 2026, reflecting increased confidence in innovative drugs and driving the company's proactive strategies in drug development and marketing.
- Revenue Growth Potential: Halozyme's current technologies have received 10 approvals and are projected to generate $1 billion in royalty revenues by 2026, showcasing its strong profitability and market demand in the drug delivery space.
See More
Tech Stocks Struggle While Consumer Staples Shine
- Tech Sector Weakness: On Tuesday, tech stocks like AMD and Lumentum struggled, leading to a bearish market sentiment that reflects investor concerns over high valuations, potentially impacting future investment decisions.
- Consumer Staples Resilience: In stark contrast to tech stocks, the consumer staples sector showed strong performance, indicating a market preference for stable earnings, which may attract more capital into this area to mitigate risk.
- Regional Banks' Steady Growth: Regional banks demonstrated resilience amid market volatility, drawing investor attention and suggesting that traditional financial institutions remain attractive in uncertain economic conditions, potentially driving their stock prices higher.
- Precious Metals and Industrials Recovery: The strong performance of precious metals and industrials indicates an increased demand for safe-haven assets, reflecting investor concerns about potential economic slowdowns, which could influence investment strategies in related sectors.
See More
